Kiev hopes for resumption of cooperation with IMF – Finance Minister

Khoroshkovsky agreed with Prime Minister Nikolai Azarov, who believes that if the country fails to take another loan, “its own resources will be enough”

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KIEV, January 21 (Itar-Tass) —— Ukraine is hoping for the resumption of the cooperation program with the International Monetary Fund (IMF), Finance Minister Valery Khoroshkovsky said on television Friday.

“This is a natural task for us to resume the program and to get a loan within its framework. We have about 10 billion dollars (of credit funds to be received),” he said, adding that no date for talks had been set yet.

Khoroshkovsky agreed with Prime Minister Nikolai Azarov, who believes that if the country fails to take another loan, “its own resources will be enough.”

Khoroshkovsky said that one of the key demands of the IMF - a rise in the retail price of gas – would be impermissible in the current situation. He believes this is a road to nowhere, because in that case Ukraine will be faced with a crisis of non-payments. He added that any rise in prices should be accompanied by comprehensive support for the socially vulnerable groups of the population.